2015-03-AC-ATM-rpt - Laserfiche WebLink

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AC–2015ATM PPROPRIATIONOMMITTEE In this article, $39,000 in CPA recreation funds are requested for developing alternative options for wayfinding and etiquette signs, to be reviewed with the Bicycle Advisory Committee and other stakeholders. Upon approval of a final set of designs, full bidding documents will be developed that include cost estimates, specifications, stamped plan sets, and bid documents. Eligible for CPA funding as Recreation. Article 8(q) Reconstruction of the Lower Vine Brook Paved Recreational Path - $369,813 Lower Vine Brook Park consists of 110 acres of conserva- tion land, with 4.5 miles of trails, 1.1 miles of which is a paved pathway, running along Vine Brook from Fairfield Drive through East Street to North Street. The paved pathway has been degrading over the years. It is now cracked, uneven, and buckled, and will require full reconstruction. This request would fund the reconstruction of the subsur- face and surface of the paved pathway. The cost breakdown is $3,500 for design/engineering, $305,761 for construction, and $60,552 in contingency. The cost estimate is based on costs for the 2014 Lincoln Park path replacement, assuming a 20% increase in mate- rials cost due to inflation. Work on this project will be divided in two phases. The first phase will occur during the 2015/16 construction sea- son, including wetlands permitting (wetlands delineation and permitting fees), tree pruning (to allow truck access on the Fairfield Drive end of the path), and path reconstruc- tion (Fairfield Drive to East Street and to East Emerson Road). A second phase in 2016/2017 will cover the seg- ment from Emerson Road to North Street. The expected life of the reconstructed path is 25 years. Eligible for CPA funding as Open Space. Article 8(r) Community Preservation Fund Debt Service - $2,417,200 Debt service on the CPA projects is outlined in the following table. Two different types of debt are used: Bond Anticipation Notes (BANs), and multi-year municipal bonds. BANs allow interest-only short-term borrowing for a term of up to one year. They are issued for individual projects prior to bundling the debt from several projects to create a single multi-year bond. 24